With the mobile miner closed beta released in mid january'18, the developers managed to reach the first major step in their agenda. Time to proof if they were right, since they promised a profit up to 30 dollars per mining device per month. First of all, what the smartphone miner does is not a real mining, its benchmarking the device and then simulating the benchmarked hashrate. So why are they doing this instead of real mining? Well, smartphones just can not compete. Even in terms of power consumption per hash they dont cut a good figure (i would not have a problem with low hashrates if they'd consume really low power, since efficiency is for me the most important factor in mining). And even if you do mine, the smartphone is getting so hot, you can cook an egg on it (means you need some ways to cool it down like a fan, wich additionally consumes power...). So their intention is not to build a massive smartphone hashnetwork to make itself secure (like every other proof of work coin:hashrate=network security), but to introduce mining to a broad audience, who do not have any clue of cryptocurrencies at all. And maybe achieveing that the one or the another set up mining electroneum with his own computer at home attracted by the profits they mine with their smartphone.
Where do the coins come from when i just mine simulated? They're coming from the 2 billion unselled pre-sale coins. Well, they cant last forever. I dont know what they want to do after this pot is empty.
At the moment the hashrate benchmarks do not work well, i have multiple devices wich also have minergate installed, so i can benchmark my simulated mining and after that compare this to my cryptonight hashrate with XMR in real mining (wich is actually the same mining alrogithm that you would use for ETN real mining, meaning the result should be at least the same).
After a couple of days mining with my S7 it looks like the smartphone is benching the hashrate like every 30 minutes or so. Thats a problem, since my smartphone is most of the time in standby, wich cuts its potential hashrate to 1/3 of its value compared to when i first start the mining. Due to that i didnt have stable hashrate and a very low result (my feels at the moment - dont know if they want to change it - is that the simulating hashrate uses the real difficulty, wich is pretty high for a smartphone wich is capable of 15-30 H/s, meaning the outcome is really low). But nevertheless, this is an application in beta, wich obviously means that it is still in development, so i am very excited to see what changes the developers still have in mind. Any other experiences so far? Feel free to share in the comments.